Author Archives: Paul Ausick

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Crude Oil Price Flat After Inventory Decline on Strong Export Volume

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 8.9 million barrels last week, maintaining a total ...
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Samsung Galaxy S8 Is World’s Best-Selling Android Smartphone in Q2

Although it still trails Apple Inc.'s (NASDAQ: AAPL) iPhone 7 and iPhone 7 Plus, Samsung's Galaxy 8 became the top-selling smartphone using the Android operating system from Alphabet Inc. (NASDAQ: ...
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July Housing Starts Tumble, but Single-Family Starts Surge

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in July fell to a seasonally adjusted annual rate of 1.155 ...
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Boeing, Up Over 50%, Helps Rise in Dow

As of Tuesday's close, shares of Boeing Co. (NYSE: BA) have added 53% for the year to date, far outdistancing second-place Apple Inc. (NASDAQ: AAPL), which has gained a not-unimpressive ...
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US Air Force Revs Up for ThunderDrone

At a competition last week at New Mexico's Holloman Air Force Base, the U.S. Air Force kicked off its Light Attack Experiment, an effort to find a low-cost, light-attack fighter ...
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Mortgage Loan Rates Ticked Lower Again, Applications Post Tiny Gain

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a slight increase of 0.1% in the group's seasonally adjusted composite index for the week ...
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Government Share of ACA Premium Hikes Adds $194 Billion to Federal Deficit

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) issued a report Tuesday on the effect of terminating payments of cost-sharing reductions (CSRs) to ...
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JC Penney, Dick’s Sporting Goods Plunge Into Tuesday’s 52-Week Low Club

August 15, 2017: Here are four stocks trading with heavy volume among 210 equities making new 52-week lows in Tuesday's session. On the NYSE, decliners led advancers by about 3 ...
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Apple, American Express Pace the DJIA Tuesday

August 15, 2017: Markets opened higher again Tuesday even though reported economic data was slightly better than expected. The telecom and energy sectors weighed, while consumer staples and financials showed ...
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EIA: Shale Patch Production to Climb 117,000 Barrels a Day in September

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Why Jefferies Analysts Like Fiat Chrysler Buyout

Reports surfaced earlier this week that an unspecified Chinese company had made an offer for automaker Fiat Chrysler Automobiles N.V. (NYSE: FCAU). The stock price jumped sharply and traded in ...
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Why Millennials Hold the Key to Sales of Luxury Goods

Having overtaken boomers in sheer numbers sometime last year, millennials now hold the key to U.S. consumer spending, the engine that drives nearly 70% of U.S. gross domestic product (GDP). ...
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Why Is Home Depot Escaping the Retail Collapse?

One company that does not behave like it's scared of the big, bad wolf (aka Amazon) is Home Depot Inc. (NYSE: HD). The home improvement giant goes about its business ...
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Amazon: The Devil You Know and the Devil You Don’t

The well-established disruption Amazon.com Inc. (NASDAQ: AMZN) has caused in the brick-and-mortar retail business is spreading. And the fear of Amazon is spreading in sectors as varied as real estate ...
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Why Home Depot Earnings Don’t Seem to Be Enough for Investors

Home Depot Inc. (NYSE: HD) reported second-quarter 2017 results before markets opened Tuesday. The home improvement store posted diluted net earnings per share of $2.25 on revenues of $28.1 billion. ...
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